7.14 Jiuchuan morning BTC and ETH market overview

The daily chart saw a high-volume close yesterday as a large bearish candle. Bearish momentum is evident, and the short-term trend is weak.
On the 4-hour timeframe, the price at 62,450 has already fallen across all periods’ EMA lines. The EMAs are aligned bearishly, and multiple EMAs are synchronously forming overhead resistance.

Short-term reference ranges:
BTC: After a rebound in the 62,500–62,700 range, watch for a pullback. On the downside, look toward 60,000–61,200.
ETH: After a rebound in the 1,760–1,780 range, watch for a pullback. Targets are 1,650–1,700#btc $BTC